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Yahoo
6 days ago
- Business
- Yahoo
Lottery.com Inc. Enters New Era as Turnaround Completes and Strategic Acquisitions Accelerate
Company Poised to Execute on Five-Year Growth Plan Across Lottery, Sports and Entertainment Verticals FORT WORTH, Texas, May 28, 2025 (GLOBE NEWSWIRE) -- Inc. (Nasdaq: LTRY, LTRYW) (' or the 'Company'), a leading technology company in digital lottery, sports and entertainment, announces that its registration statement on Form S-1 has been declared effective by the U.S. Securities and Exchange Commission as of May 14, 2025. This milestone unlocks access to a previously announced $100 million financing facility ('Financing Facility') with Generating Alpha Ltd., providing the Company with financial flexibility to execute its aggressive acquisition and growth strategy. This announcement follows a week of extraordinary market performance, with over 275 million shares traded and the stock surging from $0.70 to a high of $2.64. The effectiveness of the S-1 marks the official close of a two-year corporate turnaround. Under new leadership, has rebuilt its foundation: restructuring the Board and executive team, remediating legacy compliance issues, and implementing two clear innovative business models for and 'The turnaround is now complete. We are structurally sound, operationally ready, and strategically funded to drive aggressive growth,' 'We've stabilized the Company from its foundation, secured the capital need and are moving rapidly towards driving revenue and acquiring assets that strengthen our brand ecosystem and deliver profits for the Company and its shareholders.' The Company's focus now turns to strategic execution—transforming capital into revenue generation and high-value assets to deliver shareholder value. While the Financing Facility provides capital through the issuance of common stock, the Company intends to deploy proceeds not for general dilution but to accelerate revenue growth and acquire accretive assets across gaming, content, media and live events—many of which are already in late-stage negotiations. Access to immediate funding allows to drive revenue and complete its target acquisitions, including but not limited to DotCom Ventures Inc., owner of and and Nook Holdings Limited (Dubai, UAE) to further develop the brand in the Middle East. The buy-and-build acquisition strategy is designed to: Drive near-term revenue and sustainable long-term profitability Expand global brand awareness Enhance shareholder value Maximize synergies between and 'The S-1 going effective is transformative for and its shareholders. We are not just raising capital—we are deploying it against cash-generative acquisitions that enhance our balance sheet, income statement and the valuation of our brands. This is a disciplined growth phase.' The Company's five-year vision includes expanding International, launching new sweepstakes products (domestically and abroad), deepening its affiliate program and building out a robust content and IP ecosystem under Studios—all underpinned by the funding now available through the activated Generating Alpha Financing Facility, along with continued funding from United Capital Investments Ltd. About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Tinbu, and WinTogether, is a unified ecosystem that integrates gaming, entertainment, and sports. Important Notice Regarding Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'initiatives,' 'continue,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company's internal accounting controls, additional examination of the preliminary conclusions of such review, the Company's ability to secure additional capital resources, the Company's ability to continue as a going concern, the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company's ability to regain compliance with the Bid Price Requirement, the Company's ability to regain compliance with Nasdaq Listing Rules, the Company's ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading 'Risk Factors' in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC's website at Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or or contact our media relations team at press@
Yahoo
07-05-2025
- Business
- Yahoo
Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com
Acquiring a majority stake in DVI represents a $10 million transaction, comprised of a strategic blend of cash, secured debt, and equity issued at up to $3.00 per share — further validating the strength of the and platform. 'While and are hallmark media brands, we intend to make the trusted ticketing site for fans of all live entertainment. is the perfect third vertical for our business. It will become the ticketing engine for — giving us a unified commerce and content strategy around everything from sports to festivals to immersive experiences.' This strategic investment will form the third foundational pillar of expanding platform — standing alongside and as part of a vertically integrated, multi-channel entertainment business. Together, these brands will create the concrete base of a next-generation ecosystem designed to unify content, commerce, and live experiences under a single global strategy. and are live, operational, and built for scale — delivering real value and revenue potential from day one. The platforms feature: FORT WORTH, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: LTRY, LTRYW), a leading technology company transforming the intersection of gaming, sports, and entertainment, today announced that it has signed a Letter of Intent ('LOI') to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation ('DVI'), together with the premium domain assets and in a transaction valued at $10 million. Story Continues 'Deals like this, which include stock at $3 per share, reinforce the belief in the value we're building with and now, McGahan added. 'This isn't just an acquisition; it's a commitment to a five-year vision, and a statement to the market that we are serious about scaling globally with premium digital assets.' A Long-Term Partnership with a Shared Vision 'Our vision of providing fans with the information and access they need to discover the live events they want can now be realized on a global scale through and said Patrick Ogle, CEO and founder of DVI. 'DVI looked at several other partners over the last year. Ultimately, we knew that these assets belong together, and fans deserve reliable access to a live entertainment platform they can trust. With the backing of and the infrastructure behind we're building more than a platform — we're creating a new standard for how fans connect to live experiences.' Ogle is an entrepreneurial lawyer and digital strategist with more than two decades of experience spanning media, entertainment, and athlete representation. From his early days as an intern at Jerry Bruckheimer Films and Television and Network Music Group, to 20+ years managing the business and legal affairs of athletes and entertainers, Ogle has built a career at the intersection of entertainment and infrastructure. He is a former 15-year member of The Recording Academy, and an active voting member of the Country Music Association. 'Patrick brings more than just the domain — he brings a deep understanding of what this vision can become,' said Gregory Potts, Chief Operating Officer of 'Entering into this LOI is a clear vote of confidence — not just in the value of the brands, but in our collective ability to execute together over the next five years. This is an exciting culmination of a relationship that began in 2023, appropriately, at the Pilgrimage Music Festival in Franklin, TN.' The final transaction will include the assumption of secured notes and a multi-stage stock issuance structure, reflecting alignment and long-term commitment from all parties. Powering the Future of Live Entertainment is being designed not simply as a ticketing platform, but as a fully integrated live events engine. It will serve as the primary processor of access and fan engagement, tying directly into fast-growing live streaming infrastructure. The investment in DVI will include which will operate in parallel as a brand focused on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events. This dual-brand strategy allows for both mainstream and genre-specific ticketing models under the broader umbrella. As part of the short and mid-term roadmap: The brand will integrate with live streaming functionality and real-time access models across all and verticals ambassador network will amplify events across social platforms will power bundled experiences combining tickets + content + streaming Deliver to consumers crossover activations between sports, music, charitable gaming and culture Studios will create proprietary content for Domain Portfolio Strength With the addition of and will hold what it believes to be one of the strongest domain portfolios in the world. With and now the company stands alone in its control of three world-class, category-defining digital assets. 'Very few — if any — companies can claim three domains of this caliber,' said McGahan. 'And we believe the combination of and is without peer in the global digital entertainment space. These assets will anchor the next decade of innovation across content, commerce, and live experiences.' McGahan went on to say that with the addition of these assets, he believes is arguably one of the most exciting investment opportunities on the exchange today. 'This is a unique opportunity to invest in a company with premium global assets and a bold vision for the future of entertainment, gaming and live events.' About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including and is a unified ecosystem that integrates gaming, entertainment, and sports. Important Notice Regarding Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'initiatives,' 'continue,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company's internal accounting controls, additional examination of the preliminary conclusions of such review, the Company's ability to secure additional capital resources, the Company's ability to continue as a going concern, the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company's ability to regain compliance with the Bid Price Requirement, the Company's ability to regain compliance with Nasdaq Listing Rules, the Company's ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading 'Risk Factors' in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC's website at Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or contact our media relations team at press@
